The only problem with your listed solutions is there is no provision for responsible people who pay their mortgage and obey all the rules and regulations of the contract they signed. Or, for that matter, companies who make sound business decisions. Why should irresponsible companies who made stupid decisions be rewarded while successful, honest, good decision makers are laughed at? They should be offered nothing and be allowed to sink or swim. Screwed up and made really poor business decisions? Fine, you go out of business. Its business world Darwinism. Natural selection for companies.

Politicians KNOW NOTHING about the economy and finance. We may as well let a bunch of monkeys decide what to do.

The USA is being busted down by the Rockefellers and CFR crowd into the global economy BS and the USA is history. Tried to overthrow the USA back in the 1930's and my grandfather was an American Legion comander and WW1 officer in the plot. USMC Gen.Smedley Butler played along but spilled the beans to FDR and Congress so they turned to Germany and backed Adolf Hitler instead. That sure turned out well for them-made a fortune supplying both sides in WW11! Now they are playing this stuff again and we are being snookered good. Dollar is toast, we;re over 85 trillion in the hole folks so buy some gold, silver, real stuff, maybe rural land and a gun. North American Union is coming up and a new currency. Cheney, Bill Clinton,GW Bush all have mansions in DUBAI with the Hollywood set. CIA will make sure everyone stays in line for the crash, then they will buy us back for pennies on the dollar. Traitors.

Do not vote for a sitting congressman or congress women in primary elections democrat or repulican.We vote for them to benfit the entire country it was there job to stop the subprime mess before it started.They are the ones that caused this problem.All of them should resign and give up there pensions for doing such a rotten job.In the subprime and oil mess.they spend to much time bashing the other party.they need to know they work for the American people and do not work for there politacal parties.If i were a congress person i would hang my head low and hide out after i resigned.they are still bashing the other party while on vacation.No bail out for any company.

Astute observations, however this has far reaching implications and no sound solution. It is the same as Bear Sterns, but on a grand scale. I know I am on record as saying this was going to happen at least six months ago and the consequence would be another RTC situation. What still has not been fully understood by government is that the amount of money that must be underwritten is beyond even the taxpayer. Yet they must do whatever is required not to let these entities sink. Unfortunate as it may be, this is a likely scenario. With all of the debt that is known there is more to come. The new financial game in town resembles something between a shell game and a ponzi scheme and it's purpose is to remove write-down debt, transfer it to a new holder with money loaned by the originator, thus making a bad loan look good and push the problem into the future. Since these are all real estate based the only way this will work is for the market to recover next year or so. The current thinking in Washington is bring back the 20% down, 3 year job history and fairly solid credit guidelines for prospective buyers. This is closing the barn door after the horse has left and will constrain any recovery, if anything. I could keep writing, but there is little point. Our leadership has failed, whether it be ignorance or corruption does not matter nor does finding a source to blame. We are well on the way to an economic situation that will equal 1893-1910 or 1929-39. Considering that the entire world is now involved, it might even be worse.

I KNOW THAT I SOUND LIKE A BITTER OLD MAN BUT WHEN I PURCHASED MY HOUSE I HAD TO COME UP WITH 20% DOWN AND PROVE TO THE BANK THAT I COULD MAKE THE PAYMENT(WE DID NOT HAVE THIS NO PAYMENT ON PRINCLE FOR FIVE YEARS. NOW BECAUSE IT NICE TO HELP OUT THE PEOPLE SO THAT THEY CAN SAME IN OFFICE, THEY PASS ALL KINDS OF LAWS. IF THEY BAIL THEM OUT WHO GOING TO PAY-TAXPAYER RIGHT-I WILL BET MY BOTTOM DOLLAR THAT MOST OF THEM DON'T TAX -I BELIEVE THAT ALL THE TOP PEOPLE AT THE MORTAGE COMPANY THAT GOES UNDER SHOULD GO JAIL AND THEIR ASSETS BE SOLD TO HELP PAY SOME OF THE COST-BUT THEY HAVE HIDDEN MOST OF THEM

if Bill gross of Pimco bought it.....stay far away from it. This guy is TERRIBLE IN A BEAR MARKET. Checkout his results. http://www.morningstar.com/FundFamily/Pimco.html

A chimp could do just as well!!

Stop belly aching and take advantage of the great opportunity before you --- The American way is to BUY distressed debt at this time. We are investors who are ready to put our resources to work and want to talk to others who share our enthusiasm for this contrarian strategy
w zweifler 973 763 5534
\